The ethical boundaries of a solicitor’s right to take security for fees

The ethical boundaries of a solicitor’s right to take security for fees

17 October 2017

You work hard – how to negotiate some security over your fees?

Are you working on a deferred fee basis, either by agreement from the outset or because the client is no longer able to pay progressively? You are entitled to request “reasonable security” to protect your interests. Such security must be negotiated and documented carefully or it is highly likely to be set aside, or to land the firm in “ethical” hot water. Or both. The attached guide sets out how to approach this process in a way that complies with your duties to the client but ensures that your proper remuneration is protected.